Singapore REIT Fundamental Analysis Comparison Table – 1 November 2015

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 692.19 to 722.93 (+4.4%) compare to last post on Singapore REIT Fundamental Comparison Table on Oct 3, 2015. The index rebounded from recent low of 650 to 740. The long term trend remains down as the index is trading below 200D SMA.   Current rebound is not supported by the volume. It remains to be seen whether this rebound is only a Dead Cat Bounce.

FTSE ST REIT Index Nov1-2015FTSE ST REIT Index Nov1-2015 (shareinvestor)

  • Price/NAV increases from 0.91 to 0.95.  (Singapore Overall REIT sector is slightly under value now)
  • Distribution Yield decreases from 7.51% to 7.24% (take note that this is lagging number). More than half of Singapore REITs (20 out of 37) have Distribution Yield > 7%. Current yield is attractive but dangerous to make investing decision purely base on the yield. Past performance does NOT equal to future performance.
  • Gearing Ratio increases from 34.09% to 34.54%. 19 out of 37 have Gearing Ratio more than 35%.
  • Most overvalue is Parkway Life (Price/NAV = 1.38),  followed by Ascendas iTrust (Price/NAV = 1.35).
  • Most undervalue (base on NAV) is OUE Commercial REIT (Price/NAV = 0.62), followed by Fortune REIT (Price/NAV = 0.64).
  • Higher Distribution Yield is iREIT Global (9.48%), followed by Croesus RTrust (9.39%) . 
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by Keppel REIT (42.6%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-1-Nov-2015

Disclaimer: The above table is best used for “screening and shortlisting only”. It is NOT for investing (Buy / Sell) decision. To learn how to use the table and make investing decision, Sign up next REIT Investing Seminar here to learn how to choose a fundamentally strong REIT for long term investing for passive income generation.

Singapore Interest Rate Nov1-2015 SIBOR Nov1-2015

  • Singapore Interest Rate decreases from 0.49% to 0.21%
  • 1 month decreases from 1.01741% to 0.88800%
  • 3 month decreases from 1.13933% to 1.01050%
  • 6 month decreases from 1.19083% to 1.06846%
  • 12 month decreases from 1.31225% to 1.19551%

Currently most  REITs in Singapore are still trading below 200D SMA which is technically bearish. Although the distribution yield are very attractive but do take note that this is a lagging number. As REIT is very much depends on the economic cycle, it is important to keep a close eye on economic data (i.e. GDP, consumer spending, PMI) as economic condition will affect the future NPI. NPI will affect Distribution and share price. However, some REITs are more defensive in nature and less sensitive to economy slow down. If you want to find out those REITs which have very high distribution yield but not affected much by Interest Rate Hike & Economy slow down, check out the How to Invest in Singapore REIT to generate Passive Income here.

 

 

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Singapore REIT Bubble Charts Oct 2015

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Bubble chart derived from Oct 3 Singapore REITs Fundamental Comparison Table.

These Bubble Charts are used to show the “relative” position compare to other Singapore REITs.

Two visual bubble charts to pick and avoid:

  1. Undervalue Singapore REITs with High Distribution Yield (Value Pick)
  2. Overvalue Singapore REITs with High Gearing Ratio (Risk Avoidance)

The Singapore REIT Bubble charts are best used to visually Short List Singapore REIT only.

Singapore REIT Bubble Chart (Value) Oct6-2015Singapore REIT Bubble Chart (Risk) Oct6-2015

Disclaimer:

  1. The bubble charts are NOT to be used as Investing decision.
  2. Besides looking at the Price/NAV, Distribution Yield, Gearing Ratio, Investors still have to conduct Risk Assessments, Qualitative Analysis and Sector / Trend Analysis on the REITs.
  3. The Author does not guarantee the accuracy of the data presented and not responsible for any readers profit & loss should an investment decision being made using the data in this blog. https://mystocksinvesting.com

 

See last Singapore REIT Bubble Charts here to see the relative movement.

Current distribution yield for Singapore REITs are very attractive but there are downside risks base on fundamental and technical analysis. Investors are strongly encouraged to acquire a proper financial education on how to analyse Singapore REITs to make a safe investing decision, instead of just asking around for the stock tips.

Continue ReadingSingapore REIT Bubble Charts Oct 2015

Singapore REIT Fundamental Analysis Comparison Table – 3 October 2015

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FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increases from 683.6  to 692.19 (+1.26%) compare to last post on Singapore REIT Fundamental Comparison Table on Sept 2, 2015. The index is currently consolidating in a Bearish Pennant pattern before the next move and waiting for US Fed to increase the interest rate.  If the support of this Bearish Pennant is broken, expect a further selling off. This is not the right time to accumulate any REITs at the moment although the Distribution Yield and valuation looks very attractive.  Need to keep a close eye on how this REIT Index re-acts after the US Fed increases interest rate. So, sit back, relax and wait for the chart to tell us when is the right time to do the shopping.

FTSE ST REIT Index Oct3-2015

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  • Price/NAV remains at 0.91.  (Singapore REIT is under value now)
  • Distribution Yield increases from 7.49% to 7.51% (take note that this is lagging number). Current yield is attractive but dangerous to make investing decision purely base on the yield. Past performance does NOT equal to future performance.
  • Gearing Ratio maintains at 34.09%
  • Most overvalue is Ascendas iTrust (Price/NAV = 1.34) followed by Parkway Life (Price/NAV = 1.36).
  • Most undervalue is OUE Commercial REIT (Price/NAV = 0.57), followed by Fortune REIT (Price/NAV = 0.58).
  • Higher Distribution Yield is VIVA Industrial Trust (10.02%) followed by iREIT Global (9.85%). Note: Yes!! It is very attractive but we have to understand the Risks and whether the distribution is sustainable or not. High Distribution Yield does not mean it is safe REIT for investment. Don’t invest purely base on the Yield % because it is wrong thing to do without knowing the reasons.
  • Highest Gearing Ratio is Croesus Retail Trust (47.3%) followed by Keppel REIT (42.6%)

Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-3-Oct-2015

 

Disclaimer: The above table is best used for “screening and shortlisting only”. It is NOT for investing (Buy / Sell) decision. To learn how to use the table and make investing decision, Sign up next REIT Investing Seminar here to learn how to choose a fundamentally strong REIT for long term investing.

 

Singapore Interest Rate Oct3-2015SIBOR Oct3-2015

 

  • Singapore Interest Rate increases from 0.45% to 0.49%
  • 1 month increases from 0.94621% to 1.01741%
  • 3 month increases from 1.07075% to 1.13933%
  • 6 month increases from 1.12700% to 1.19083%
  • 12 month increases from 1.24788% to 1.31225%

Currently all the REITs in Singapore started the down trend and in the short term consolidation. If there is no further sell down after the US Fed announces interest rate hike which is expected by end of 2015, the current correction of Singapore REITs provides a good opportunity to pick up some fundamental strong REITs for long term passive income investing. So, prepare your Great Singapore REIT Shopping list now!

Check out the How to Invest in Singapore REIT to generate Passive Income here.

Continue ReadingSingapore REIT Fundamental Analysis Comparison Table – 3 October 2015